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US HB620
Bill
Status
Introduced
1/22/2025
Primary Sponsor
Ronny Jackson
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AI Summary
- Adds the Secretary of Agriculture as a permanent member of the Committee on Foreign Investment in the United States (CFIUS)
- Expands CFIUS jurisdiction to review any foreign transaction, merger, acquisition, or takeover that could result in foreign control of U.S. businesses engaged in agriculture
- Designates agricultural systems and supply chains as "critical infrastructure" and "critical technologies" under the Defense Production Act of 1950
- Requires the Secretary of Agriculture and the Comptroller General to submit annual reports to Congress analyzing foreign influence in U.S. agriculture, including threats to production, supply chains, and agricultural espionage activities
Legislative Description
FARM Act Foreign Adversary Risk Management Act
Foreign trade and international finance
Last Action
Referred to the Subcommittee on Nutrition and Foreign Agriculture.
2/28/2025
Committee Referrals
Subcommittee on Nutrition and Foreign Agriculture2/28/2025
Financial Services1/22/2025
Full Bill Text
No bill text available